31: The Landlord: How I Acquired 485 Properties in 12 months
By Sam Marks / Johnny FD
This episode is going to make you stand up or sit down, whatever the opposite is of what you are currently doing. “The Landlord” is famous in Real Estate investing circles. He is the real-life story of Rich Dad Poor Dad mixed with a twist of the hard knock life. Growing up in bad neighborhoods and learning to hustle out of necessity to survive at as early as 14, The Landlord became a master of many crafts, especially in Sales. His ever-persistent attitude led him in a financial quest into different markets and eventually real estate. Learning a unique angle in acquiring properties, he was able to build a private property empire in 12 months. Through his career in real estate, he has amassed an experience, lessons, and stories that are priceless. This episode is tremendously entertaining and has some big value takeaways. This is the ultimate story of hustle. Where are we: Budapest, Hungary Recommended (books, subscriptions): Robert Kiyosaki - Rich Dad Poor Dad Show notes: 01:35 – Introduction to The Landlord 02:45 – Collecting rent in urban areas 06:15 – Selecting security detail 07:15 – Early stories of the Landlord 08:00 – With only a 6th grade education 10:00 – Hustling in the streets 13:25 – Starting his first business 15:30 – Doing a deal with overstock.com 16:20 – Doing the sales calls yourself 17:25 – 10,000 hours of cold calling 20:00 – Getting through to the executives 22:00 – Hustling for the small sales, not just the big ones 23:35 – Transitioning into liquidation sales 27:00 – The Landlord’s first property 30:15 – Real estate auctions 38:00 – Gun shots in low-income neighborhoods 41:15 – Cash flows of properties 46:45 – Managing day to day drama 51:10 – Evicting 2,000+ tenants 54:00 – Scaling the company If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here!